According to a press release, the benefits package from Symetra Life Insurance Company is only available to employers in the Master Builders Association of King and Snohomish Counties and also includes voluntary term and universal life insurance.
The Symetra 401(k) program features non-proprietary, multi-manager mutual funds, which includes 80 funds from investment management firms.
Employees can purchase voluntary individual term and universal life insurance.
There are no administration requirements or direct costs for employers because employees own their policies and premiums are withdrawn through payroll deduction.
More information is at www.symetra.com .